On July 13, Yongxing Materials announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be in the range of Yuan 950 million to 1.15 billion, representing a year-on-year increase of 137.02% to 186.92%. The change in performance is primarily attributable to the development of downstream power battery and energy storage industries during the reporting period, which drove lithium salt product prices higher year-on-year. Meanwhile, the company's lithium carbonate production and sales remained stable, and sales prices increased significantly compared with the same period last year.
Note: The company's Q2 net profit is estimated at Yuan 461 million to 661 million, compared with Q1 net profit of Yuan 489 million. Based on this, the Q2 net profit is projected to decrease by 5% to increase by 35% compared to Q1.
Edited by Cassie Li, lixiangying@mysteel.com
